Singapore Real Estate / Built Environment
Tuas building for sale at S$55 million as Epson winds down Singapore plant
The Tuas facility of Singapore Epson Industrial is up for sale at a price of about S$55 million, as the Japanese electronics firm winds down operations in its Singapore plant over the next three years, said exclusive marketing agent CBRE on Thursday (Jan 9).
Occupancy caps of 91 private homes breached during 9-month period in 2024
Singapore – The occupancy caps of 91 private residential properties were breached during a period of about nine months in 2024, with two units exceeding a limit that was eased temporarily to cool the home rental market.
Business News
Edmund Tie & Company rebrands as ETC
Local real estate advisory Edmund Tie & Company has changed its name to ETC with immediate effect. The rebranding exercise includes a revamped logo.
https://www.edgeprop.sg/property-news/edmund-tie-company-rebrands-etc
https://www.zaobao.com.sg/realtime/singapore/story20250109-5709454
Ong Beng Seng acquires 150,000 more shares in Hotel Properties for S$537,000
Property tycoon Ong Beng Seng has acquired 150,000 shares in Hotel Properties Limited (HPL) via an off-market transaction for S$3.58 per share.
https://www.zaobao.com.sg/realtime/singapore/story20250109-5712107
UOL Group acquires 50% stake in Australian commercial building for RMB 390 million
UOL Group and its subsidiary Singapore Land Group have acquired a 50% stake in a commercial building in Sydney, Australia for A$460 million (S$390 million). UOL Group said in a statement after the market closed on Thursday (January 9) that the building is located at 388 George Street, Sydney.
https://www.zaobao.com.sg/realtime/singapore/story20250109-5711637
Views, Reviews, Forum and Others
Enhanced security checks at all checkpoints into Singapore from Jan 9 to 22
Singapore – Travellers arriving in Singapore from Jan 9 to 22 can expect enhanced security checks and delays, said the Immigration and Checkpoints Authority (ICA).
Singapore tops ranking of world’s most powerful passports again
The Republic has clinched the top spot in a world ranking of passports again, with Singaporeans enjoying visa-free entry to 195 out of 227 travel destinations, according to the 2025 Henley Passport Index. The index released two sets of ranking in 2024. In January, Singapore shared the top spot with five other countries, but in July, it reclaimed the sole position as the world’s most powerful passport.
https://www.straitstimes.com/singapore/singapore-tops-worlds-most-powerful-passport-ranking-again
Global Economy & Real Estate
Fed officials signal interest rates likely on hold for a while
https://www.straitstimes.com/business/fed-officials-signal-interest-rates-likely-on-hold-for-a-while
Worried about market turmoil under Trump? Look to the past
Trump’s bid to halt hush money sentencing in US Supreme Court’s hands
US December jobs report expected to showcase healthy labour market
Australia retailers get Black Friday boost, but no bar posed to rate cut
China’s consumer prices stall in 2024 on feeble demand
https://www.businesstimes.com.sg/international/chinas-consumer-prices-stall-2024-feeble-demand
China reports 5 cases of new mpox strain
https://www.channelnewsasia.com/east-asia/china-mpox-strain-clade-1b-5-cases-4848246
Developer Sunac China receives liquidation petition in Hong Kong
Country Garden proposes restructuring terms with key banks
https://www.businesstimes.com.sg/property/country-garden-proposes-restructuring-terms-key-banks
Dubai developer DAMAC signs $1 billion deal with blockchain platform MANTRA
Hong Kong urged to issue more bonds and dip into reserves to tackle deficit
Hong Kong’s Paul Chan meets Asean chief to promote city’s links with bloc
Whistle-blowing scheme not a threat to harmony: Hong Kong housing chief
Hong Kong housing analysts predict a market bottom this year
https://www.businesstimes.com.sg/property/hong-kong-housing-analysts-predict-market-bottom-year
‘Concert economy’: Hong Kong seeks to revive tourism through new mega venue, anti-scalping moves
Irish home asking prices rise at highest rate since 2022: report
https://www.businesstimes.com.sg/property/irish-home-asking-prices-rise-highest-rate-2022-report
Japan’s household spending falls for fourth month
https://www.businesstimes.com.sg/international/japans-household-spending-falls-fourth-month
Malaysia sees GDP growth above 5% despite Trump tariff risks
Malaysia proposes RM5 billion infrastructure fund for Johor-Singapore SEZ: economy minister
Malaysia aiming to become energy, chip making hub, PM says
Thai central bank rebuffs demand for steps to boost inflation
UK shop prices dropped in December but prices likely to rise in 2025: BRC
Vietnam proposes ‘unprecedented’ policies for financial centres in Ho Chi Minh City, Da Nang
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